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trading mission was formally approved by eu foreign ministers in brussels -- european union training mission was formally approved. >> citizens are worried involvement could be a long, drawn-out affair like in afghanistan. the point has to be approved by the bundestag later this week. >> french and malian forces engaged in a gunbattle. under a new proposal, german troops would not join them on the front line, but they would provide more logistical support, like using airbus jets to refuel french warplanes mid-air. an additional 150 troops will be needed for this task. several military planes are already being used to transport soldiers. >> we europeans have a strong interest in making sure that a safe haven for global terrorism is not allowed to develop on our doorstep. >> the german cabinet also wants to help train and assess the performance of the malian army. german soldiers will work together with units from other eu countries. >> the army needs to be trained from scratch so they can take over security themselves. we hope this is feasible, but it is a difficult and long-term chal
to provide a voice of the world. last week's european council agreed the overall limit on eu spending for the next seven years, starting in 2014. been agreed in the past, spending has gone up, but last week we agreed that spending should come down. by working with like-minded allies, we delivered a real- terms cut in what brussels can spend for the first time in history. as the house knows, the eu budget is negotiated annually, so what we were negotiating -- initially at the council last november and again last week -- was not the individual annual budgets, but rather the overall framework for the next seven years. this includes the overall ceilings on what can be spent -- effectively, the limit on the european union's credit card for the next seven years. during the last negotiation, which covered the period 2007 to 2013, the last government agreed to an 8% increase in the payments ceiling, to 943 billion. put simply, this gave the eu a credit card with a higher limit, and today we are still living with the results of allowing the eu's big spenders to push for more and more spending
, which france says it would back. eu foreign ministers have been talking about the conflict, agreeing that african troops should take over from the french asap. >> here's more on the story beginning with germany's involvement. >> german aircraft could soon be used to support french intervention in mali, providing mid-air refueling to french planes as they go to combat zones. the proposed increase in german military involvement has been welcomed by lawmakers from the governing coalition. >> it is about making more support available to our french partners. to help make sure that mali does not turn into a breeding ground for international terrorists. >> germany has already provided two military transport planes to help transport african union troops with a third ready if needed, but further help will require approval from parliament. the green party do not see it as a simple yes vote. >> the crucial thing about this military involvement is that it must lead to a political process because the military cannot solve the problem. >> parliament must also approve a planned eu training mission
on the show -- after grueling marathon negotiations, the eu agrees on a budget bill that for the first time sees a cut in spending. >> street battles in tunisia following the funeral of the slain opposition leader chokri belaid. >> millions are in asia heading home to celebrate the year of the snake. for the first time in the history of the european union, the long-term budget will be cut. 27 eu leaders meeting in brussels have agreed to a final budget during a second summit arranged especially to do so. we will go live to brussels for the latest in just a moment. >> that's right -- the drastically reduced seven-year budget is worth 959 billion euros and was hammered out after two days of nearly round-the- clock negotiations and is far less than the just over $1 trillion euros -- and the one trillion euros the commission had originally proposed. >> german chancellor angela merkel went into the talks saying she was confident the agreement would be reached. in the end, the 27 member states came up with a compromise that even british prime minister david cameron welcomed as a good deal for bri
in brussels. we asked her if the eu is prepared to back the call for war crimes. >> the problem there is the u.n. security council would have to refer the case to the courts and the eu has failed in its attempts to get russia, a permanent member of the u.n. security council, to put pressure on their ally, syria. they say they welcome any attempts from any side to end the conflict and end the violence happening. they have always said that they were concerned about crimes committed against humanity and they have always stressed that they will do everything that they can to support moves to end the conflict in syria. >> we will have more in a moment, but staying in brussels , they have agreed to renew an arms embargo against syria. britain wanted to allow the nation's two armed forces, but many say neither side should be armed with weapons from europe. sanctions are also amended to provide greater humanitarian and technical assistance and protection of civilians. let us turn now to nina to ask for more about the foreign minister's reasoning for renewing the arms embargo on syria. >> most eu count
it means for the eu debt crisis. what does brussels make of the vote so far? is austerity out? >> there are no official comment yet, but you can rest assured that everyone is watching very closely. brussels has been very concerned and worried about the potential return to power of silvio burlesconi. they have been working very closely together this past year to get in back on its feet. italy, like we have heard before, is a very important player in europe, the third biggest contributor to the euro budget and one-fifth of the rescue aid comes from realm. the concern is that if silvio burlesconi returns to power, that risks plunging the entire eurozone into chaos again. plus, the european project could come to a standstill. one message has been received here in brussels. more than half of the italians voted for the euro-sceptic populist. one of them, they will have to deal with in the next government that will be formed. >> nina, thank you for the update from brussels. the outcome of the italian elections has been weighing heavily on financial markets. our correspondent from fra
a goal for the european union. after years of very little progress, the e appears to -- the eu appears to have an ally in what has. >> president obama announced the start of trade negotiations on a trade deal. brussels said talks could begin before summer. if successful, those negotiations would result in the biggest financial trade deal ever. >> the eu and u.s. already trade some 2 billion euros worth of goods and services every day. about 1/3 of total global commerce. president obama wants to bring that commerce into what would be the world's biggest free trade zone. the european commission says that would have world wide applications. >> which translates into tens of billions of euros every year and tens of thousands of new jobs. this offers us a great perspective at a time when we are gradually making our way to recovery. most important of all, it is a boost to our economies that does not cost 1 cent of taxpayer money. >> both sides stand to benefit. economists to warn that negotiations will be tough. the eu and washington disagree on issues ranging from industrial trade barriers a
'm kelly evans. these are your headlines from around the world. >> eu leaders are nearing a historical deal in brussels which could see the region's spending reduced for the first time. >>> chinese trade going gang bust ner january while inflationary pressures ease off thanks in part to the lunar new year effect. >>> this company must not disappear. that's the french government. it says it may invest in peugeot. >> and the yen says the currency has weakened too much. >>> welcome to the final program of the week. i'm pleased we've got to this day. >> we've had a lot of time together this week. i have. and that's not why i'm pleased we got to this day. >> yeah, yeah. >> strong numbers out of china. >> that's right. we saw a big improvement there. but i have to say frankly, most people's attention whether it's here or on the other side of the pond is the snowstorm. it seems like winds, 50 miles per hour. blizzard conditions in the u.s. we know when there's a storm like that headed for the biggest media market frankly in the world, it's probably all you're going to hear about for a while. >> th
of unemployment in the eu. the latest employment numbers for greece are from october. at that time, nearly 27% of greeks were unemployed. spanish employment levels are not much better. austria, germany, and luxembourg have the best employment numbers, but that's not enough to change a europe-wide trend. eurozone unemployment has been on the rise for the last five years. at the beginning of 2008, the jobless rate stood at 7.2%. today, 11.7% of eurozone residents looking for a job cannot find one. youth unemployment figures are especially worrisome. nearly one in four young people under the age of 25 cannot have a job. youth unemployment in spain tops 55%. >> german lawmakers began debating friday a controversial ban on the far-right party. the previous attempts to outlaw it failed in 2003. >> this new drive to ban the party came after revelations that a neo-nazi group linked to the npd carried out a decade- long string of racially motivated murders. >> a former high-ranking member of the far right npd is thought to have supplied the weapons used by the new lots is in the recent killings. along
the european union. i do going the way of european parliament for an eu able to meet the challenges and you need to come out and say that quite clear as your fellow citizens. mr. president of the republic. [applause] [speaking french] >> translator: i want to thank you for having got the budget treaty ratified in parliament because that's a good sign for europe, but i looked long and hard. i don't see what's happened to your 120 billion euros. where have those billions gone, mr. president? please tell us. we are legislators. and we are men and women of goodwill, but we have a responsibility to our fellow citizens. we get here to talk, teen ago she, you need to know that there are points which we won't give ground on. first of all, there is the question of flexibility. we need to have genuine flexibility in the financial framework between budget alliance and between news. that's how we have managed to run the budget properly in the context of austerity and balanced budget. second, own resource but if the european budget is going to be financed properly, it will allow us to reduce the contrib
, the eu has unveiled the details of a financial transaction tax it hopes to introduce next year -- the goal, raising tens of billions of euros every year and curbing speculation that can cause of people in the financial markets. >> but it is a very controversial measure. so much so that even less than half the state's leading lady the tax. >> the new tax will apply to billions of transactions a year. 11 eurozone countries including germany hope to introduce the tax this year. the levy would amount to 0.1% on trades and bonds, stocks, and currencies. >> what we have proposed is technically sound and legally robust as a tax, a tax which will strengthen our market and tim burke irresponsible financial trading. >> the eu commission wants to make sure companies do not just do their trading somewhere else, so the tax will apply if one of the parties is located in a participating country. opponents say that will not work. >> where a tax is suddenly imposed in 11 of the 27 eu countries, that creates pressure for companies to change their place of business. >> but the eu commission says
by talking about ordinary europeans getting up and reading about the crisis of confidence in the eu, the lack of transparency and lack of democracy in brussels. he said this inevitably engendered notions like fear and dismay and the solution until frustration -- and frustration, so the real question was how to overcome this kind of emotions. as a former east german dissident, he said there is only one way to overcome those kinds of emotions and that is for people to get involved, to overcome indifference and complacency. on an economic front, it was interesting -- he admitted that germany has profited more than any other european country in the last 10 years of. he said other countries have been complaining about that i am quite an angry shape or form. he said the only question was not a german europe but a europeanized germany. people had high hopes that it would sort of reinvigorate the european mission. gauck has considerable rhetorical capabilities, but it was not a great speech, it was a good speech. it was dutiful. there were fireworks. i do not think he captured anyone's imagination to
at the new eu agreement to cap bonuses. it is aimed at a re-piece of the financial crisis. >> those in favor say it will address public anger about the role played by the banks and the economic meltdown. those against it, notably britain's -- britons, say that it will drive talent out of europe. >> the talks took more than 10 months. negotiators managed to clinch the deal despite opposition from the uk. at present, bankers can receive bonuses of as much as 20 times their basic salary. under the new rules, which can come into effect next year, they could be -- capped at one year's salary. >> most important thing is that banks will be stabilized, that a are better able to withstand the crisis -- that they are better able to withstand the crisis. >> it shows we are implementing what we learned from the financial crisis. >> critics say bonuses can encourage bankers to take unjustifiable risks in order to make more money. some say such behavior caused the financial and banking crisis. from now on, banks will also have to hold more capital as a buffer against any future crisis, a move intended to
year. >>> and the eu moves to clamp down on big paychecks in the banking sector, looking to cap bonuses on a banker's salary as early as next year. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> okay. we're back. you're mobiled up and we have some data. >> yes. it's such a mobile world, isn't it, in many ways. let's first talk about what's happening with the german unemployment figures. we were waiting on these. it turns out 6.9%, that is the unemployment level for germany in january. the unadjusted figure is 7.4%. it's higher than expected. you can see the forecast was for 6.8%. the prior month was revised higher. the rate itself was unchanged. that's a right i think here in london or certainly in the u.s. they wouldn't mind seeing at this point. >> we've created a million private sector jobs. >> in britain? >> yeah. >> well, congratulations. >> there you go. that is the great conundrum, right? >> it's true. the different between -- well, and even with germany. the liesh market social security holding up, despite the sharp contr
are high this time around for some kind of deal. >> british prime minister david cameron wants the eu to mend what he sees as its wasteful ways. he made his point by arriving on foot, not in a chauffeur-driven limousine. he went into the talks in a bullish mood. >> the numbers that were put forward were much too high. they need to come down, and if they do not, a to be a done deal. >> that puts him on a collision course with many other eu leaders who argue the block needs a $1 trillion budget to fight unemployment, fund education and training and invest in the future. >> i of europe goes for compromise at any cost and puts common policies, agriculture, and growth at risk as a result, i will oppose it. >> with opinions so clearly divided, german chancellor angela merkel was keen to play down the differences and talk up the prospects of reaching agreement. >> the starting positions are quite far apart. but speaking for germany, i say we will do everything we can to come to an agreement. because in times of uncertainty and high unemployment, it is essential for people to be able to plan
and growth. >> angela merkel says all eu member states must cut costs. two weeks ago, the chancellor and british prime minister david cameron went out in brussels securing an eu budget cut of around 3%. now merkel has defended that decision. she says the crisis means everyone has to save. >> i will say it quite plainly -- it would have been hard to explain to people in europe, both to the states hit by the crisis and those bearing the bulk of the burden of solidarity why everyone in europe has to say except for europe itself. >> but the opposition disagrees. social democrats' candidate for chancellor peer steinbrueck says merkel advocates too much austerity and too little investment. he also accused merkel of making common cause with europe's foes. >> you've made an unholy alliance with no sense of perspective. and with a leader david cameron who may want to leave the you. it is a strange alliance if your aim is to safeguard europe's future for the days to come. >> strong stuff, but the opposition is the least of pass the budget draft.elelelel'o merkel's critics are gearing up for a
today also included plans for a free-trade agreement between the eu and the u.s. kerry also took time out of his schedule to meet with young people in the german capital. >> security lock down as john kerry returned to the city he once called home. the first stop on the visit was for a chat with young berliners. discussions of a different kind with the chancellor. high on their agenda -- foreign policy and the economy, but first these comments on the relationship with the u.s. >> i record a great deal of importance to transatlantic ties. we do not just have common values. we also face common tasks. >> a number of these challenges were discussed at an earlier meeting with kerry's german counterpart. first and foremost, the plans for a new free trade deal between the u.s. and europe. >> germany is our largest trade partner in europe, and we want to see even more trade and investment that will create jobs -- jobs for -- jobs for germans, for americans, for all europeans. >> negotiations are set to begin within months, and i of the two sides managed to overcome their differences, could be
to the e.u. blasting the new tax on financial transactions hurting investors worldwide, and you warned me, this is big news. very important. >> it's a developing story. we got the letter here, 11 countries in the e.u. are moving to assess a tax on trades around the world meaning stocks and bonds meaning it could hit your 401(k) account and not know it's happening. the e.u. is in recession, 11 countries want the new tax, and we got the letter coming from the big mutual fund companies, ici, and the big bangs -- banks. they say, look, this is a really bad idea, guys, because, essentially, it's going to hurt investors around the globe. let's go through it. what they say is essentially increased trading costs dramatically reduce financial transactions, diminish liquidity, meaning increased volatility that hurts investors, and it's job killing with historic records of jeblessness around the globe. breaking news, the u.s. treasury talking to fox business, and the u.s. government opposes this new e.u. tax. they do not support it. let's put the statement from the treasury on the screen. the proble
for italy's election. we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is set to unveil a plan to help its troubled dreamliner to take flight today. and we're rolling out the red carpet. we'll head to tinsel town to the biggest night in hollywood. find out which films are tipped to win big at this year's oscars. fears are mounting that an inconclusive election this weekend could undermine the euro and set back markets in italy. hans, as we edge closer to that event, polls open sunday and they close on monday. we've seen the two-day sell off. is it related to the outcome here? >> well, i think the italian election has had an impact on market performance for the past few weeks. i guess that markets became much more cautious in investing in the debt market in italy and maybe as well as the debt market in spain, the cause of the potential inflation risk here. now, if we are getting an election result which markets may like, then the very clear majority left and under those circumstances, you
. we have the composite eu gdp number, down 0.6% quarter on quarter. that's what we're looking for and this comes after a weaker than expected german number today, as well. to the extent we talked, italy contracted 0.9%, worse than expected. and revisions to france suggested that they already had a recession in the first and second quarter of 2012, as well. ur low/dollar, just hitting the lows of the session at 133.40. kelly. >> ross, let's slip through the u.s. markets. we are looking for the dow to shed about 20 points from the open. the nasdaq, dow and s&p headed lower. yesterday, we did see a lot of the european indexes hitting intraday highs. china, taiwan, vietnam still closed to celebrate the lunar new year. the nikkei has been the big mover overnight. the ftse 100 after hit ago five-year high yesterday, weaker towards the close today. gig up about a rt yeaher of 1%. interestingly, we're seeing weaker sterling and higher bond yields in the uk. not necessarily the best sign of internal dynamics for britain. germany gdp figures are down. the cac 40 down only about 0.1% tod
are desperate to bring the crisis under control. they want to excel britney eurozone and the eu's political and economic integration. >> our political correspondent is following this and we go live to our parliamentary studios. all parties concerned about corruption in spain likely to hinder the premier and his ability to solve the crisis in his country? are those concerns in berlin? >> his own personal ratings are at an all-time low before the allegations surfaced. both think it could be the last straw, but he has denied that there is any truth of the matter. at the press conference in berlin, he said three times "absolutely false" a reference to these allegations and that he would prove they are false. we will wait and see. even if they cloud of suspicion remains hanging over him, it is not at all certain that it will hamper his political maneuverability in spain. recent surveys show 96% of spaniards believe the political class in spain as corrupt anyway. remarkably, although they are angry about it, they show an extraordinary degree of resignation. >> there is quite a bit of resignation.
the prospect of having to bail out failed banks and eu governments for perhaps years to come. they are still asking why no charges have been brought in the interest rate fixing scandal among top level banks. >> now, the german finance minister is set to present proposals to address that anger that will include a tightening of banking regulations. germany is not the only european country planning new laws against the reckless bankers that cost taxpayers billions. >> and number of european governments are drawing up new measures to prevent big banks from passing on the costs of high risk trading to taxpayers. in germany, a new draft law is due to be presented to the cabinet on wednesday. the proposed law would require major banks to separate their retail and investment banking. it also outlines plans for restructuring and liquidation in the event of a crisis, and bank executives are engaged -- who engage in reckless behavior could face up to five years in prison, and britain is also bound to pressure to rein in the excesses' of the system in the wake of the libor scandal and breaches of money
the finger at another food-processing plant -- the go- ahead for the eu-wide dna testing. >> our inquiry shows they knew the meat labeled as beef could be horse meat -- at least they had a strong suspicion. >> horse meat in itself is as -- is not dangerous, and europe has clear rules on the food chain. of birth, the owner decides if an animal will end up on the dinner plate. it is all documented, including any medication administered. the revelation that horses were in millions of ready-to-eat meals has not just prompted moral objections. it has also raised fears of contamination through drugs. the scandal has also put the spotlight on the complex supply chains that bring food to europe's dinner tables. the scandal suggests they are hard to police and easy to manipulate. national authorities in the european union need to act fast to reassure consumers about what is in the food they eat. that is the call from a growing number of politicians, from britain to germany. >> this is not just about speed. we have to get quicker, but we also have to get better. that is why we need a rapid respons
registrations across the eu slumped to an all-time low in january. >>> government delays its decision on the next bank of japan governor. is this the beginning of a more moderate japanese agenda? >>> and we're live in milan as the italian electoral race enters the final stref. we'll hear just why the mayor will decide to vote. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> all right. welcome to today's, a bit of a transport theme going on this morning. >> or lack thereof. >> well, there's bmw, has their recalled. you have to take your one and three series back. >> the thing about the bmw is people have to take them to the special bmw shop, anyway. when you have a recall like this, it's a pretty straightforward process for owners. >> then making a replica of the "titanic." some people are worried they're making it in a chinese shipyard. >> they're pitching this with "titanic" with a twist. some say the twist should be maybe this time it won't sink. >> they are going to do the original sailing route. what happens when they get th
in the eu, because they haven't went into europe zone but they are an active member of the eu. she wants to keep them in. >> time is getting a little tight so let's go to questions very quickly. right here and then right over here. >> if you would, enhance economic opportunities in asia, more asian members of congress. >> that's an interesting thought. of course, you had some very senior members of congress, in fact the senior senator just died, senator inouye, wh who had tremendous clip it and you're seeing more and more asian members elected, male and female. and i think you will continue to see that. you know, speak who else? >> well, you have, i think there are several -- you one who is a korean and i think we have one korean-american come and i think you will see more going forward because you've got a lot of asian-americans who are mayors, you know, in major cities. and i think that the answer is i think it would be very helpful to have more asians, americans as members of congress. and, of course, you had a governor who is now ambassador, whose or secretary of commerce, who is now
wanted to keep in the eu because they never went into the eurozone, but they are an active member of the eu. she wants to keep them end. >> time is getting a little tight here, so let's go to two questions very quickly right here and then right over here. >> you said that you would enhance economic opportunities in asia, asian members of commerce. >> that is an interesting question. some very senior members of congress, in fact, the senior senator testified -- just died who had tremendous clout, and you're seeing more and more asian members elected, male and female, and i think he will continue to us see that. you know, -- [inaudible question] >> well, you have -- i think there are several -- one who is korean, one korean-american. at think you will see more going forward because you love a lot of asian-americans who are mayors in major cities to lend that think that if the answer is, i think it would be very helpful to have more asian americans as members of congress. and, of course, he had a governor who is now our ambassador to -- our secretary of commerce who is now our ambass
. we have the eu rising starts, the outstanding british film. but in the major categories, clearly people do look to the bafta the way same they would look to the gloelden gloep globes to see how things were going. "argo" is seen by everybody as a pack leader. there is a strange absence there on best director. whoever wins best director will be remembered as having won in the year that the most significant contender wasn't nominated. >> why isn't he nominated? >> who knows. who knows. i think we got it right, but who knows why he wasn't. one reason is because what they've done with the oscars now is increased the best film from five up to ten. now you have i think it's nine nominations this year. of course you're going to get a mismatch because there aren't the same number of films that there were directed. >> mark, good to see you. thanks so much, indeed. >> thanks for coming by. >> always a very good turn out, as well. >> i still think silver linings with a different name would have done so well. >>> anyway, the clearing up is occurring after nemo. what impact will this have on r
a speech. i'd love to know what they're going to say bearing in mind that they're not exactly pro eu parliament. so that will be fascinating, won't it? let's face it, anti-austerity was the theme of this. bearing in mind, we've got 50% of voters coming around to say grillo or berlusconi, we don't want aus tearpy. anyway, the bill fall guy in this election was the prime minister, the technocrat who ran, marto monte. let's hear what he's been saying in the aftermath of these electoral disaster. >> translator: it's still too early to consider any solution, nor does it rest upon me to find one. but right now, i consider it is essential that there's maximum transparency between the political forces because we're all faced with a very serious responsibility. the government must ensure responsibility for the entire country. >> okay. so more analysis. alana fred reeko joins us now. you've had a big meeting today already, loradonna. you shook my hand. lovely. thank you. no one else did today. what did you guys decide is the way forward? >> following the outcome of the italian election, the si
that perhaps is even more fundamentally dangerous for britain and much of the rest of europe than taming the e.u.'s superstate tendencies. this is the problem of attitudes and how the institutional expression in the economy. because as i illustrate in "becoming europe" the prevailing conviction across most of europe is that the state is the primary way in which we address common problems and meet our responsibilities and obligations to our fellow citizens. that such obligations might be realized outside the realm of politics doesn't apparently occurred to large numbers of european political leaders including i have to say a considerable number of the center-right european politicians. so in this regard i have often wondered what -- would think if he read a particularly important book that was written 180 years ago by one of his compatriots. because although it's about the new world, democracy in america was sent written for an american audience. alexis de tocqueville's intended audience was europe. so i think you would be astonished to learn how the americans observed by de tocqueville dealt with p
the uncertainty created by the u.k. e.u. referendum and scottish referendum on independence. there's a lot of negatives surrounding sterling now. i think it has further to fall. >> we'll leave it. there we want to get your thoughts on employment, as well. we'll be right back. >>> welcome back to "worldwide exchange." let's go straight to a look at what's happening with sterling. we have seen it drop below the 154 level. bank offen land minutes just -- of england minutes just showing fisher and miles would have liked to see a 25 billion pound increase in the size of the quantitative easing program. also comes as we learn that the u.k. unemployment rate held at 7.8%. slightly better than expected drop in jobless claims. average earnings growth remains weak. here's what's happening across the gilt curve. yields coming in at 2.4%. and james, at least the gilt yield is coming in. i suppose the markets would be most worried if the opposite happened, if it were to push out here. it's interesting to hear the bank of england say they think pound appreciation is expansionary. perhaps they look at th
nominee that refused to sign letters supporting israel and, refused to sign a letter asking the eu to designate hezbollah as a terrorist organization and the list goes on and on and on but at the end of the day, this is the president's decision, i give him great discretion and can't believe one democratic colleague is not upset by this choice, enough to speak out. >> chris: now, one of the other things you want and you are using the nomination as leverage, is to get more information about benghazi, the president says that that is all about politics. take a look at this: >> president barack obama: we've had more testimony and more paper provided to congress than ever before, and, congress is sort of running out of things to ask. >> chris: question, tell me the single most important thing that after all of these months you still don't know about benghazi. >> pretty hard. let's start with after. we don't know who changed the talking points to take the references to al qaeda, or the talking points given to susan rice and don't know who the survivors of the attack are so congress can in
dangerous for britain and much of the rest of the euro in the eu superstate tendencies. and this is a problem of values, attitudes, and how these are given in institutional expression in the economy. as i illustrate in becoming europe, the prevailing conviction across most of your is that the state is the primary way in which we address : problems and meet our responsibilities and obligations to our fellow citizens. such obligations might be realized outside the realm of politics and that does not apparently occurred to large numbers of european political leaders, including, i have to say, a considerable numbers of center-right european politicians so in this regard have often wondered what a confirmed man would think if you read a particularly important book that was written 180 years ago by one of his compatriots. because although it is about the new world, democracy in america was not written for an american audience. the intended audience was your. i suspect he would be astonished to learn how the americans built with problems that were beyond an individual's capaci
, good to see you. thank you. >>> a bit of news out from google concerning the eu. it is now analyzing google proposals. no word on when they may finish analyzing it. >>> goombling, casinos took in $3.4 billion, up 7% from a year ago. but below forecasts of 10% to 12% growth. analysts attribute the low numbers to the traditional lull before the new year. this is all in macau, of course. these vip gamblers have scaled back their betts last year because of the uncertain economic outlook and the clampdown on corruption. in the auto world, toyota says its china sales are looking up. the world's largest carmaker sold more than 72,000 vehicles in china in january. that's up 24% from a year ago. it was toyota's first year on year growth since june 2012 in the country. anti-japanese sentiment has been hurting sales in china. but on the domestic front, toyota sales slipped 15% in january as government incentives expired. honda suffered an even steeper 53% drop. and staying with japan, we're seeing a couple of old school japanese electronics. toshiko has the story for us. >> hi, ross. struggling
because countries in the eu or even the euro zone are very, very different to what germany or portugal or greece or italy to the east, it's a very, very different situation, in that, that means we need also all a bit of time, education, infrastructure investment, all this is needed so that they have, let's say, a growth perspective for the next years. >> thank you. take another round of questions. >> [inaudible] >> the federal reserve hester medical increased its balance sheet since the great recession. about 20, 30 years, it didn't very all that much. suddenly very large increase. is the federal reserve comfortable in that it has an exit strategy so that we don't have either major inflation -- [inaudible] or major losses from purchasing assets and resale trying to bring back this money. thank you. >> a very quick to comment. [inaudible] i'm very happy to american colleagues. i think that we in europe -- [inaudible] [inaudible] [inaudible] >> and in the back. did you have your hand up? >> that's what we do. any other questions? okay. is the one back you? >> i'm not an economist. i'm a
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